Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

EOPA MCurrie2

Entrepreneurship Pathway

What are the functions of management? Planning, organizing, leading, and controlling
The P&L Account begins and end with? Begins: total sales (=revenue) generated during a month, quarter or year. Ends: earnings (= profit / the bottom line)
The basic equation that has to balance is? Assets = Liabilities + Shareholders´ equity
Name the 2 branches of economics and what they do? • Macroeconomics studies the operation of a nation's economy as a whole • Microeconomics studies the behavior of people and organizations in a particular market
What are the advantages and disadvantages of socialism? Advantages: creates more social equity. workers receive more education, health care, fewer work hours, longer vacations Disadvantages: lowers incentive to start a business or to work hard higher unemployment rate and slower growth rate
What is the difference between socialism and communism? lowers incentive to start a business or to work hard higher unemployment rate and slower growth rate
True or False? The 4 phases of business cycles are: economic boom, recession, depression, and recovery. If false, tell what the 4 phases are. True
Who decides to produce under capitalism? business decide what to produce, how much to pay workers, how much to charge for goods and services
What are the basic rights under capitalism? Right to Private Property, Right to own a business and to keep that business profit after taxes, freedom of competition, and right to freedom of choice
How does the free market work? buyers and sellers negotiate prices for goods and services influence the decisions about what gets produced and in what quantities.
Created by: miracle45